Egyptian startup looks to change MENA real estate business

MLS-MENA aims to develop online multiple listing service to connect real estate agency across MENA

Tags: E-commerceEgyptMLS MENA (mlsmena.com/)Real estateStart up
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Egyptian startup looks to change MENA real estate business MLS MENA aims to address the lack of an MLS in the Middle East region.
By  Mark Sutton Published  July 4, 2010

An Egyptian web startup, MLS-MENA, is aiming to unify the real estate market across the Middle East and North Africa, with the launch of an online multiple listing service (MLS).

The company plans to launch the online MLS, a common feature of the real estate industry in the US and other developed markets, to provide a standardized integrated listing system which enables brokers, developers, government entities and other interested parties to share information about properties for sale, and to arrange compensation for brokers to help sell each other's inventory.

MLS-MENA will carry a range of data, such as property size, location, ownership, and zoning, and will also provide other data from third parties to give analysis of markets and market trends.

The company is currently developing a prototype in cooperation with the Egyptian Government, and will be launching a pilot program using the Real Estate Public Records of the city of Cairo as a proof of concept.

MLS MENA was founded by Eng Yusuf Shahen, a Master graduate in Software Engineering from the American University of Cairo. Shahen says that the company is currently also looking for an angel investor or venture capital funding, with interested parties advised to contact the company on : info@mlsmena.com.

2629 days ago
Osama

There are already several location based real estate services in the region such aqarmap and makanoo.com they both offer good quality listing, and surely after few months they will have historical data that can be used for trending and statistics. Both websites are looking fit VC same as everyone else on planet! .

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